Greater Boston
Greater Boston economic development is flourishing, effectively making this area an economic leader across New England and the world. Undeniably regarded as the world’s greatest life sciences cluster and a leading financial center, the Greater Boston region continues to be a hub of global innovation and growth. One of the greatest assets in the Greater Boston region is its highly educated workforce. Accordingly, the workforce in this area attracts the best and brightest talent, including 350,000 (annual) college students who come from around the world to the cosmopolitan cities of Boston and Cambridge.
The Greater Boston Region is a great place to start or grow a business.
Colliers and CBRE
https://www.bls.gov/lpc/state-productivity.htm#Q03
AdvisorSmith COL Index 2020
2023 Corporate Welcome Reception Honoree Videos
Leading Industries by Location Quotient
with at least 1,000+ employees
(Site selectors and corporate real estate experts are familiar with location quotients and often use them to determine the viability of a region for a prospect employer. Location quotients provided here measure the concentration of employees in an industry in this region versus the United States as a whole. A location quotient of 2.0, for example, means that the industry has twice the employment than the national average, suggesting competitive advantage for the region in that industry.)
NAICS 5239 Other financial investment activities | 996 | 10.19 |
NAICS 6113 Colleges and universities | 68 | 6.81 |
NAICS 5417 Scientific research and development services | 994 | 5.42 |
NAICS 5231 Securities and commodity contracts brokerage | 291 | 3.88 |
NAICS 5112 Software publishers | 433 | 3.45 |
NAICS 7121 Museums, historical sites, zoos, and parks | 59 | 2.98 |
NAICS 5411 Legal services | 1239 | 2.78 |
NAICS 5241 Insurance carriers | 147 | 2.65 |
NAICS 5111 Newspaper, book, and directory publishers | 84 | 2.56 |
NAICS 5416 Management and technical consulting services | 1182 | 2.45 |
NAICS 5415 Computer systems design and related services | 1402 | 2.16 |
Employers and Employees in Greater Boston
Leading Export Employers by Job Listings
Last 6 months (Apr. 1, 2021 - Sep. 30, 2021). Source: Labar Insight, Burning Class Technologies, 2021
No Data Found
Export Industry Employees
within 25 mile radius of region's center point. Source: GIS Planner, 2021
No Data Found
Economic Development Projects in Greater Boston
Recent Posts
Developer of a fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete, Sublime Systems, will add more than 23K SF of space for their pilot facility and R&D lab, in addition to the 6,500 SF they currently occupy in Somerville.
Logan International Airport is celebrating its 100-year anniversary with a newly-expanded Terminal E that includes a new security checkpoint, new concessions, departure lounges and energy-efficient operations.
Indianapolis-based pharmaceutical giant Eli Lilly & Co. has unveiled plans for a $700 million institute for genetic medicine in Boston’s Seaport District. The opening is slated for 2024. The company has signed a 334,000-square-foot lease at 15 Necco St., a 12-story healthcare and life sciences building.
The LEGO Group announced it has selected Boston for its future head office in the Americas and will move its current office from Enfield, Connecticut by the end of 2026. The move to the new office will happen in a phased way beginning in mid-2025 and completed by the end of 2026. Until then LEGO employees will work across two sites – the existing office in Enfield and the company’s LEGO Education office in Back Bay, Boston, where new roles will be located.
Shanghai-based Zai Lab Limited is expanding its Cambridge headquarters as it looks to become an international pharma giant.
Biopharmaceutical company Ventus Therapeutics, which is utilizing structural biology and a proprietary computational chemistry platform to identify and develop small molecule therapeutics across a broad range of diseases, opened a 13K SF office and lab facility in Waltham as the first phase of its planned global expansion.
Norwegian next-gen battery company Freyr opened a technology center in Boston. The company manufactures clean batteries and plans to manufacture 50 gigawatt hours of battery cell production capacity by 2025.
Pharmaceutical company Servier Pharmaceuticals unveiled its cancer-focused R&D campus in Boston's Seaport neighborhood.
Pharmaceutical company Bayer AG opened its new 62,100 SF Research and Innovation Center in Cambridge's Kendall Square, representing a $140 million investment.
Drugmaker Takeda is leasing 600K SF at a building under development in Cambridge's Kendall Square.
Swiss technology company Nexthink plans to double its U.S. presence (currently at 80 employees) with a new Boston headquarters.
Accent Therapeutics, which works to provide therapies to cancer patients, leased 65,003 SF in Lexington.
BioMed Realty announced a major acquisition of property at Assembly Square in Somerville, at which it will build a multi-phased, 1.3 million square foot campus. The site, well-connnected by infrastructure to nearby Boston and Cambridge, is envisioned as a bet-in-class, purpose build innovation space for research, technology, and life science tenants.
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At MassEcon, Location is Everything!
To start your customized site search in Greater Boston or any region in Massachusetts, start here and contact Doug Kehlhem, Senior Director, MassEcon, Dkehlhem@massecon.com, 617-9244-600, x112. Or, submit an on-line search request here
